Five Banks Almost Equal: The Portfolio of VanEck MVB (ASX:MVB)

Sonal Goyal

28 October 2026 12:31 PM AEDT

Five Banks Almost Equal: The Portfolio of VanEck MVB (ASX:MVB)

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Key Highlights

VanEck Australian Banks ETF (ASX:MVB) aims to give access to the largest and most liquid ASX-listed banks.
The fund holds 8 companies, with ANZ Group Holdings Limited the largest position at 20.62%.
The fund has a management fee of 0.28% and a fund size of $305.55 million.

As of 27 October, VanEck Australian Banks ETF (ASX:MVB) holds eight banking companies and manages $305.55 million. It has traded since 16 October 2013 and charges 0.28%.

Key Fact	Detail
Fund	VanEck Australian Banks ETF
ASX code	MVB
Issuer	VanEck
Category	Equity Australia Other
Benchmark	MVIS Australia Banks GR AUD
ISIN	AU000000MVB2
Admitted to the ASX	16 October 2013
Fund size	$305.55 million
Management fee	0.28%
Holdings	8 companies
Latest distribution	Interim, $0.500 per unit (ex-date 3 Aug 2026; payment 18 Aug 2026)

Roughly Equal Big Positions

The portfolio is built around five large banks of similar size: ANZ (20.62%), NAB (20.26%), Westpac (20.20%), Commonwealth Bank (19.27%) and Macquarie Group (17.39%). Together they account for about 97.7% of the fund. Smaller positions include Bendigo and Adelaide Bank (1.30%) and Bank of Queensland (0.94%).

A Single-Sector Fund

The fund is categorised as Equity Australia Other, whose funds may be defined by a single sector, and MVB is entirely in financial services and entirely in Australia. All holdings are above $1 billion in market capitalisation, and turnover is 14.20%.

Additional Allocation Data

The four largest sector allocations are Financial Services (100.00%). Size breakdown: 100% of the portfolio is in companies above $1 billion in market capitalisation. Country exposure is split across Australia (100.00%).

Latest Payment Details

Under the latest distribution announcement, $0.500 per unit (interim) is payable on 18 August 2026 to holders on the record date of 4 August 2026, following an ex-date of 3 August 2026.

Regulatory Notices

Notices lodged recently include dividend component details on 10 August 2026, an annual report for the year ended 30 June 2026 on 28 September and an issued units outstanding report as at 30 September 2026 on 7 October.

Understanding the Category

VanEck Australian Banks ETF is classified as Equity Australia Other. Funds in this category invest almost exclusively in Australian companies, with less than 20% of the portfolio in assets other than equities. They may have a bias towards style and size characteristics, or be defined by a single sector exposure.

Benchmark Background

The MVIS Australia Banks GR AUD index is the fund's benchmark. The fund has been listed since 16 October 2013, a period of about 13 years. VanEck is the issuer, and the ISIN is AU000000MVB2. The fee is 0.28%.

Weight of the Largest Positions

The top five holdings add up to 97.74% of the portfolio, with ANZ Group Holdings Limited the largest at 20.62%.

Distribution Dates Explained

Distributions follow a set sequence. Units go ex-distribution first, the record date then fixes who is entitled, and payment follows on the payment date.

Final Takeaway

MVB gives concentrated access to Australian banks with a near-equal split among five large names. The latest distribution was an interim payment of $0.500 per unit on 18 August 2026.

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